AFRICAN MARKETS http://www.african-markets.com/ January 24, 2014
Bourse Regionale des Valeurs Mobilieres Week %Chg Price (XOF) FILTISAC 16.25% 9 300 SICOR 15.41% 3 820 Unilever CI 15.22% 53 000 Air Liquide Côte d'ivoire - SIVOA 14.91% 21 000 SETAO 14.62% 19 800 260 240 220 200 180 BRVM-Composite Index Ivory Coast Week %Chg Price (XOF) SODECI -13.66% 58 000 Bernabe CI -9.57% 85 000 SOGB -8.39% 47 500 BRVM-Composite Index XOF/USD NEI CI -7.50% 5 550 Value % Chg Value % Chg CROWN SIEM -7.48% 37 470 2014-01-24 244.42 482.50 2014-01-17 237.86 2.76% 487.35-1.00% Month to Date 230.89 5.86% 480.08 0.50% Year to Date 230.89 5.86% 480.08 0.50% Volume 1 Year 172.45 41.73% 489.48-1.43% Ecobank Transnational Inc 2 307 327 Société nationale des télécommunications - SONATEL 248 480 ONATEL - Burkina Faso 34 472 Compagnie Ivoirienne d'electricité - CIE 30 185 PALMCI 22 574 17/01/2014 - Gold output from Ivory Coast Ity mine jumps 50% in 2013 21/01/2014 - Ivory Coast inflation falls to 0.4% yr/yr in December 160 140 African Markets Equity Research 1
Egyptian Exchange Egypt Week %Chg Price (EGP) Cairo Poultry 30.98% 12.98 Marsa Marsa Alam For Tourism Development 18.02% 9.76 Grand Investment Capital 16.24% 10.45 Egyptian Kuwaiti Holding 11.24% 0.99 Amer Group Holding 10.87% 1.02 Week %Chg Price (EGP) Medical Packaging -26.09% 1.36 Alexandria New Medical Center -9.14% 50.00 Paper Middle East (Simo) -8.34% 8.79 EGX 30 Index EGP/USD Egyptian Real Estate Group Bearer Shares -7.08% 28.21 Value % Chg Value % Chg Egyptian Iron & Steel -7.07% 11.30 2014-01-23 7 233.38 6.96 2014-01-16 7 143.62 1.26% 6.96-0.00% Month to Date 6 811.30 6.20% 6.96 0.03% Year to Date 6 811.30 6.20% 6.96 0.03% Volume 1 Year 5 608.02 28.98% 6.66 4.59% Orascom Telecom Media And Technology Holding 637 565 677 Amer Group Holding 281 532 769 Arabia Investments,Development,Fin. Inv. Holding Comp. 102 070 955 Palm Hills Development 67 390 423 Electro Cable Egypt 56 187 843 17/01/2014 - Egypt Central Bank leaves key overnight rates on hold 21/01/2014 - Egypt tourism revenues down 41% in 2013 vs 2012 21/01/2014 - Egypt seen activating bond trading platform in Q2 23/01/2014 - OTMT unit secures Telecom Egypt link for MENA cable network 7 500 7 000 6 500 6 000 5 500 5 000 4 500 EGX 30 Index 4 000 From 16-Jan-14 to 23-Jan-14 African Markets Equity Research 2
Ghana Stock Exchange Week %Chg Price (GHS) Ecobank Ghana Ltd 6.13% 6.06 Enterprise Group Limited 3.76% 1.93 Societe Generale Ghana Limited 1.33% 0.76 - - 2 350 2 150 1 950 1 750 1 550 GSE-Composite Index Ghana 1 350 1 150 Week %Chg Price (GHS) 950 Standard Chartered Bank Ghana Ltd -2.31% 15.63 Jan-13 May-13 Sep-13 Jan-14 Ghana Commercial Bank Limited -0.59% 5.02 - GSE-Composite Index GHS/USD - Value % Chg Value % Chg - 2014-01-24 2 218.23 2.42 2014-01-17 2 186.94 1.43% 2.39 1.26% Month to Date 2 145.20 3.40% 2.34 3.43% Year to Date 2 145.20 3.40% 2.34 3.43% Volume 1 Year 1 270.80 74.55% 1.90 27.34% Standard Chartered Bank Ghana Ltd 664 035 Ecobank Transnational Incorporated 382 521 HFC Bank Ltd 213 107 UT Bank Limited 212 365 Ghana Commercial Bank Limited 165 176 21/01/2014 - Ghana says expects at least $20 bln in oil investment over five years 22/01/2014 - Ghana producer price inflation rose to 15.3% in December 22/01/2014 - Ghana GDP growth falls to 0.3% y/y in Q3 2013 African Markets Equity Research 3
Nairobi Securities Exchange Week %Chg Price (KES) Kapchorua Tea Co Ltd 20.00% 150.00 SASINI Ltd 12.19% 17.95 BOC Kenya Ltd 12.18% 175.00 CIC Insurance Group 12.17% 6.45 British-American Investments Co Kenya Ltd 11.47% 18.95 145 135 125 115 NSE All Shares Index Kenya Week %Chg Price (KES) Eaagads Ltd -10.34% 26.00 Centum Investment Co Ltd -6.96% 36.75 Carbacid Investments Ltd -5.88% 44.00 NSE All Shares Index KES/USD British American Tobacco Kenya Ltd -5.09% 559.00 Value % Chg Value % Chg Kenya Airways Ltd -2.99% 13.00 2014-01-24 144.57 85.90 2014-01-17 140.28 3.06% 85.96-0.07% Month to Date 136.56 5.87% 86.85-1.09% Year to Date 136.56 5.87% 86.85-1.09% Volume 1 Year 103.03 40.32% 87.45-1.77% Safaricom Ltd 57 251 200 Equity Bank Ltd 21 470 800 Kenya Commercial Bank Ltd 16 074 000 CIC Insurance Group 12 242 800 British-American Investments Co Kenya Ltd 9 154 300 105 95 15/01/2014 - Tullow Oil ups Kenya oil estimates after two more discoveries 24/01/2014 - Kenya coffee auction to resume next week African Markets Equity Research 4
Stock Exchange of Mauritius Mauritius Week %Chg Price (MUR) Ireland Blyth Ltd 9.60% 108.50 Medine Limited (Ordinary) 5.97% 71.00 Medine Limited (Ordinary) 5.97% 71.00 Société de Développement Industriel et Agricole Limitée 5.88% 0.18 Excelsior United Development Companies Limited 5.21% 16.15 Week %Chg Price (MUR) CIEL Investment Ltd -33.80% 3.31 CIEL Textile Ltd -11.38% 23.75 Quality Beverages Limited -9.57% 8.50 SEMDEX Index MUR/USD Caudan Development Ltd -3.28% 1.18 Value % Chg Value % Chg Terra Mauricia Ltd -2.09% 37.50 2014-01-24 2 114.75 30.20 2014-01-16 2 133.36-0.87% 30.20 0.00 Month to Date 2 095.69 0.91% 30.28-0.25% Year to Date 2 095.69 0.91% 30.28-0.25% Volume 1 Year 1 789.02 18.21% 30.55-1.15% Sate Bank of Mauritius Ltd 44 075 685 Sate Bank of Mauritius Ltd 44 075 685 The Mauritius Commercial Bank Ltd 988 128 Caudan Development Ltd 571 700 The Mauritius Development Investment Trust Co. Ltd 418 287 20/01/2014 - Mauritius trade deficit narrows 23% yr/yr in November 2 150 2 100 2 050 2 000 1 950 1 900 1 850 1 800 SEMDEX Index 1 750 From 16-Jan-14 to 24-Jan-14 African Markets Equity Research 5
Casablanca Stock Exchange Week %Chg Price (MAD) TASLIF 18.08% 43.82 SNEP 15.32% 195.75 DISWAY 10.41% 189.90 REALIS MECANIQUE 8.53% 298.45 TIMAR 7.42% 360.40 9 600 9 400 9 200 9 000 8 800 MASI Free Foat Index Morocco Week %Chg Price (MAD) CNIA SAADA ASSURANCE -5.80% 942.00 HOLCIM MAROC SA -5.64% 1 505.00 WAFA ASSURANCE -4.64% 3 000.00 MASI Free Float Index MAD/USD CIMENTS DU MAROC -4.47% 812.00 Value % Chg Value % Chg LAFARGE CIMENTS -3.27% 1 300.00 2014-01-24 9 120.19 8.22 2014-01-17 9 190.08-0.76% 8.28-0.74% Month to Date 9 144.94-0.27% 8.22-0.03% Year to Date 9 144.94-0.27% 8.22-0.03% Volume 1 Year 8 948.50 1.92% 8.33-1.33% DOUJA PROM ADDOHA 711 216 MAROC TELECOM 534 112 BANQUE CENTRALE POPULAIRE 155 701 ATTIJARIWAFA BANK 120 760 DELTA HOLDING SA 111 652 17/01/2014 - Morocco's trade deficit narrows 2.8% in 2013 23/01/2014 - Morocco inflation eases to 0.4% in December 23/01/2014 - Moroccan royal holding firm sells stake in Cosumar to investors 8 600 8 400 African Markets Equity Research 6
Nigerian Stock Exchange Week %Chg Price (NGN) Trans-Nationwide Express Plc 51.64% 1.85 Costain (W A) Plc 43.48% 1.65 Ihs Nigeria Plc - Special Placing Of Preference Shares 31.67% 3.95 Courteville Business Solutions Plc 21.43% 0.85 C & I Leasing Plc 16.36% 0.64 43 000 41 000 39 000 37 000 35 000 NGSE All Shares Index Nigeria Week %Chg Price (NGN) Learn Africa Plc -13.24% 1.90 Japaul Oil & Maritime Services Plc -8.82% 0.62 Ipwa Plc -8.57% 0.64 NGSE All Shares Index NGN/USD Wema Bank Plc -7.89% 1.05 Value % Chg Value % Chg Vono Products Plc -7.88% 1.52 2014-01-24 41 917.55 160.64 2014-01-17 41 751.55 0.40% 160.07 0.36% Month to Date 41 228.49 1.67% 158.90 1.10% Year to Date 41 228.49 1.67% 158.90 1.10% Volume 1 Year 31 583.49 32.72% 157.02 2.31% Transnational Corporation Of Nigeria Plc 220 483 597 Fbn Holdings Plc 168 721 375 U B A Plc 123 091 016 Zenith Bank Plc 121 355 782 Fcmb Group Plc 108 305 793 14/01/2014 - Nigeria inflation edges higher to 8% y/y in December 17/01/2014 - Nigeria government revenue down 20% in December due to oil outages 23/01/2014 - Nigerian Central Bank holds rates, ups CRR on public sector deposits 23/01/2014 - PZ Cussons Nigeria H1 pretax profit up 53% 31 000 African Markets Equity Research 7 33 000
Tunis Stock Exchange Tunisia Week %Chg Price (TND) Societe Tunisienne De L Air 5.83% 1.09 Union Internationale De Banques 5.49% 14.80 Automobile Reseau Tunisien Et Services 5.43% 7.19 Societe Nouvelle Maison De La Ville De Tunis 5.38% 24.86 Ste De Place. Et De Develop. Indus. Et Touris. - Sicaf 3.25% 8.25 Week %Chg Price (TND) Air Liquide Tunisie -21.07% 276.01 Societe Des Industries Chimiques Du Fluor -8.71% 39.21 Societe Les Ateliers Mecaniques Du Sahel -7.09% 5.90 TUNINDEX TND/USD Ae Tech -5.64% 5.19 Value % Chg Value % Chg Electrostar -4.26% 9.00 2014-01-24 4 410.61 1.62 2014-01-17 4 385.68 0.57% 1.66-2.37% Month to Date 4 411.85-0.03% 1.65-1.55% Year to Date 4 411.85-0.03% 1.65-1.55% Volume 1 Year 4 737.03-6.89% 1.55 4.85% Poulina Group Holding 814 383 Societe Moderne De Ceramique 477 574 Carthage Cement 382 098 Banque De Tunisie 141 385 Societe Industrielle D'Appareillage Et De Materiels Electriqu 127 771 TUNINDEX 4 800 4 750 4 700 4 650 4 600 4 550 4 500 4 450 4 400 4 350 4 300 African Markets Equity Research 8
Lusaka Stock Exchange Zambia Week %Chg Price (ZMW) Standard Chartered Bk-Zambia 11.11% 2.00 Zambia National Coml Bank 3.33% 0.31 Lafarge Cement Zambia Plc 0.06% 15.75 Week %Chg Price (ZMW) Zambeef Products Plc -10.26% 3.50 Copperbelt Energy Corp Plc -1.39% 0.71 LSE All Shares Index ZMW/USD Value % Chg Value % Chg 2014-01-24 5 225.91 5.53 2014-01-17 5 155.38 1.37% 5.48 0.91% Month to Date 5 300.10-1.40% 5.52 0.09% Year to Date 5 300.10-1.40% 5.52 0.09% Volume 1 Year 3 563.54 46.65% 5.22 5.84% Zambia National Coml Bank 942 437 Standard Chartered Bk-Zambia 562 485 Lafarge Cement Zambia Plc 117 436 Copperbelt Energy Corp Plc 36 759 Zambia Sugar Plc 6 876 16/01/2014 - Zambia keeps Deutsche Bank, Barclays as Eurobond advisers 20/01/2014 - Zambia 2013 fiscal deficit at 6.7% LSE All Shares Index 5 500 5 300 5 100 4 900 4 700 4 500 4 300 4 100 3 900 3 700 3 500 African Markets Equity Research 9
AFRICAN MARKETS http://www.african-markets.com/ Provider of business news, data, analysis, research and documentation about african stock markets, economies, companies and industries Contact Romuald YONGA romuald.yonga@african-markets.com info@african-markets.com Find Us twitter.com/african_markets facebook.com/africanmarkets This report is based upon information from various sources that we believe are reliable. However, no representation is made that it is accurate or complete. This report is not an offer to buy or sell, nor a solicitation to buy or sell the securities mentioned therein. This report is provided for the information of Investors who are expected to make their own investment decisions without sole reliance on this report. AFRICAN MARKETS accepts no liability for any direct or consequential loss arising from any use of this report or its contents. Investments can fluctuate in price and value and the investor may get back less than was originally invested. Changes in rates of exchange may have an adverse effect on the value of the investment. Past performance is not necessarily a guide to future performance.